Platinum Group Metals Ltd.

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September 27, 2017 at 10:40 AM (MDT)|Broadmoor Hotel & Resort

Frank Hallam

President, CEO & Director

Frank R. Hallam has over 27 years of experience in the mining, minerals and petroleum industry as an operator, principal, and founder of several NYSE.American, TSX and TSXV corporations. His experience includes both equity and debt financing and the execution of exploration, discovery and development programs in Canada, the USA, Mexico and in six different countries in Eastern and Southern Africa. Significant business partners have included Anglo American Platinum Limited, Barrick Gold Corporation, Newmont Mining Corporation, Industrias Penoles SAB de CV, Fresnillo Plc, JCI Limited and Impala Platinum Limited. He has been directly involved in friendly and hostile M&A transactions and has been involved in more than USD $2.0 billion in public offerings in the USA, Canada, and Europe.

In his role as CFO and Director with TSX listed gold exploration company Tan Range Exploration Corp. (1995 to 2002) he set up and administered exploration offices in Tanzania, Ethiopia and Eritrea.

Mr. Hallam was the original founder of New Millennium Metals Corp., a predecessor company to Platinum Group Metals Ltd. In addition to co-founding Platinum Group Metals Ltd. Mr. Hallam was a co-founder (2003) and former CFO and director until 2014 of MAG Silver Corp. Mr. Hallam was a co-founder (2005) and director of West Timmins Mining Inc. that was purchased by producing company Lake Shore Gold Corp. in 2009 for over CAD $ 400 million after the discovery of the Thunder Creek gold deposit. He served as a director of Lake Shore until the billion-dollar take-over of Lake Shore by Tahoe Resources Inc. in April 2016. Mr. Hallam currently serves as CFO & Corporate Secretary of West Vault Mining Inc.

Mr. Hallam is a Chartered Professional Accountant, Chartered Accountant (1993), was formerly an auditor in the public Mining Practice of Coopers & Lybrand (now PriceWaterhouseCoopers) and holds a Bachelor of Business Administration from Simon Fraser University (1990).

SAFE HARBOR STATEMENT

Certain of the statements made herein, including statements regarding the Company’s business plans and objectives; production estimates and assumptions, including production rate, grade per tonne and smelter recovery; production timing; revenue, cash flow and cost estimates and assumptions; statements with respect to future events or future performance; anticipated exploration, development, construction, production, permitting and other activities on the Company’s properties; the adequacy of capital, financing needs and the availability of and potential for receiving further commitments; project economics; future metal prices and exchange rates; mineral reserve and mineral resource estimates; and potential changes in the ownership structures of the Company’s projects constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable U.S. and Canadian securities legislation (collectively, “forward-looking statements”).
Forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements in respect of capital costs, operating costs, production rate, grade per tonne and concentrator and smelter recovery are based upon the estimates in the technical reports referred to herein and in the documents referred to herein and ongoing cost estimation work, and the Forward-looking Statements in respect of metal prices and exchange rates are based upon the three year trailing average prices and the assumptions contained in such technical reports and ongoing estimates. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual events or results to differ materially from those discussed in the forward-looking statements, and even if events or results discussed in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty of production, development plans and cost estimates for the Maseve Mine (WBJV Project 1 and Project 3); additional financing requirements to achieve the Company’s business objectives and remain in compliance with the covenants set forth in its debt financing facilities; the Company’s history of losses; the inability of the Company to generate sufficient cash flow to make payment on its indebtedness under its debt financing facilities and comply with the restrictions imposed by such indebtedness; the debt financing facilities are secured and the Company has pledged its shares of its South African subsidiary to the lenders which potentially could result in the loss of the Company’s interest in the Maseve Mine, the Waterberg Project and in the South African subsidiary in the event of a default under either facility; the Company’s negative cash flow; the Company’s ability to continue as a going concern; delays in the production ramp-up of the Maseve Mine which could result in a default under its debt financing facilities; delays in, or inability to achieve, planned commercial production; completion of a feasibility study for the Waterberg Project, which is subject to resource upgrade and economic analysis requirements; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, between actual and estimated metallurgical recoveries and between actual and estimated production; fluctuations in the relative values of the U.S Dollar, the Rand and the Canadian dollar; volatility in metal prices; the failure of the Company or its joint venture partners to fund their pro-rata share of funding obligations for the Maseve Mine or the Waterberg Project; the inability of the Company to find an additional and suitable joint venture partner for the Maseve Mine and Project 3 within such timeframe as may be determined by the South African Department of Mineral Resources; any disputes or disagreements with the Company’s joint venture partners; the ability of the Company to retain its key management employees and skilled and experienced personnel; contractor performance and delivery of services, changes in contractors or their scope of work or any disputes with contractors; conflicts of interest; litigation or other legal or administrative proceedings brought against the Company; actual or alleged breaches of governance processes or instances of fraud, bribery or corruption; exploration, development and mining risks and the inherently dangerous nature of the mining industry, including environmental hazards, industrial accidents, unusual or unexpected formations, safety stoppages (whether voluntary or regulatory), pressures, mine collapses, cave-ins or flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks and other risks and uncertainties; property and mineral title risks including defective title to mineral claims or property; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada, South Africa or other countries in which the Company does or may in the future carry out business; equipment shortages and the ability of the Company to acquire the necessary access rights and infrastructure for its mineral properties; environmental regulations and the ability to obtain and maintain necessary permits, including environmental authorizations and water use licences; extreme competition in the mineral exploration industry; delays in obtaining, or a failure to obtain, permits necessary for current or future operations or failures to comply with the terms of such permits; risks of doing business in South Africa, including but not limited to labor, economic and political instability and potential changes to and failures to comply with legislation; and the other risks disclosed in the Company’s Annual Information Form for the year ended August 31, 2016, which is available on SEDAR at www.sedar.com and is included as part of the Company’s Form 40-F annual report filed with the SEC at www.sec.gov. You are advised to review these risk factors, and not to place undue reliance on forward-looking statements.
The Company undertakes no obligation to update publicly or release any revisions to forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events except as required by law.
In this presentation, “US$ refers to U.S. dollars, “C$” refers to Canadian dollar and “R” refers to South African Rand.

NOTICE

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